Regulatory Hurdles Remain Despite Cannabis Reclassification
Tuesday afternoon saw a spike in cannabis stocks due to reports that the Biden administration might reclassify the substance as less harmful. T
May 03, 2024 03:16 PM EDT
JPMorgan Predicts No Rate Cuts, Potentially Boosting Returns
JPMorgan Chase & Co. President Daniel Pinto suggested that the Federal Reserve might not cut interest rates at all this year due to persistently high inflation.
Is Your Luxury Bag Real? Rising Superfake Quality Threatens Your Investment
Luxury handbag counterfeiting has taken off on social media. The most recent wave of counterfeit handbags, dubbed "superfakes," resembles the real luxury item remarkably well rather than being poorly constructed knockoffs.
Inflation Bites as Low-Income Shoppers Skip Extras
Several of the most well-known companies in America claim that as prices rise, inflation is pinching their customers.
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Blood Gold in Africa Funding Russians in Ukraine
Blood Gold: The Mercenaries Plundering Africa to Fuel the Kremlin's War Machine Part Two
Feb 13, 2024 11:54 AM EST
How much does social media influence our investing?
Social media is such a huge part of living in the 21st century, so is it positive or negative...
Feb 13, 2024 11:46 AM EST
Shoppers Face Fewer Choices as Brands Consolidate
Many businesses are reducing the variety of their offerings as studies indicate that having fewer options rather than a wide range actually encourages customers to make larger purchases, which is why many believe they are also benefiting consumers.
Feb 13, 2024 11:10 AM EST
Tesla Takes Action to Tackle Demand Slump, Stock Continues Slide
Monday saw a little decline in Tesla (TSLA) stock as the automaker announced another round of price reductions in the US, adding to concerns about the state of EV demand as we go into the first few months of the year.
Feb 13, 2024 10:29 AM EST
Bitcoin Soars Past $50,000, Leaving Doubters Behind
On Monday, Bitcoin surged above $50,000, hitting its highest value in over two years at one point.
Feb 13, 2024 03:53 AM EST
US Deficit Shows Improvement, But Long Road Ahead
The Treasury Department announced on Monday that the Internal Revenue Service (IRS) cleared a backlog of tax returns delayed by the epidemic, which led to a decrease in tax refunds.
Feb 13, 2024 01:52 AM EST
Diamondback Targets Endeavor in Cash-and-Stock Deal Valued at $26 Billion
To build an energy juggernaut in the Southwest valued at over $50 billion, Diamondback Energy plans to acquire competitor Endeavor Energy Resources.
Feb 12, 2024 11:42 PM EST
Is Bitcoin a Good Investment for a New Investor?
Before we get into the nitty-gritty of if it's still a good investment, you should first understand its appeal and why so many are heavily invested in it:
Feb 12, 2024 12:40 PM EST
Job Market Booms, Inflation Falls, But Political Tensions Cast a Shadow
Only 25% of business economists and professionals believe that this year will see a recession in the US. Furthermore, an external shock, like a dispute involving China, would probably cause any slowdown rather than local economic issues, such rising interest rates.
Feb 12, 2024 09:47 AM EST
Looming Debt Crisis Threatens American Way of Life
The public debt of the United States is over $34 trillion, and the country's debt-to-GDP ratio is about 100%. Not quite the boon that the Founding Fathers had originally intended.
Feb 12, 2024 07:29 AM EST
Super Bowl Sunday Snack Attack? Biden Tells Companies to End "Shrinkflation" Trickery
U.S. President Joe Biden urged snack companies to halt shrinkflation, the practice of reducing product sizes while maintaining prices, labeling it as "a rip-off."
Feb 12, 2024 04:48 AM EST
Jeff Bezos Dumps $2 Billion in Amazon Stock, Triggers Market Buzz
In a document he submitted to federal regulators, Jeff Bezos disclosed that he had sold around 12 million shares of Amazon stock, valued at over $2 billion.
Feb 12, 2024 12:05 AM EST